UPDATE: Vimpelcom Posts Q4 Net Loss
Russian company Vimpelcom (NASDAQ: VIP) reported a net loss in the fourth quarter.
Vimpelcom posted a quarterly net loss of $2.7 billion, versus a year-ago profit of $195 million. However, analysts were expecting a profit of $437 million.
Its revenue slipped 7% to $5.6 billion, while earnings before interest, taxation, depreciation and amortisation declined 3% to $2.4 billion.
Vimpelcom shares closed at $9.80 yesterday.
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